Many readers don’t have the time or interest to delve into the financial details of markets. The media made much hay of the February 27th market collapse and the fact that the Chinese market triggered it. This of course, is pure nonsense, and a good example of how all media, including the financial media, tend to pin the blame on the issue that is in closest cognitive proximity.
There is a good Chart of the Day that puts the Chinese market “crash” in the context of recent gains. No one in the media mentioned anything when the Chinese market fell 11% in a matter of days in January.